Collector informs that the Swedish Financial Supervisory Authority has informed that the assignment of the appointed auditor has been completed and that the case has been closed

The Swedish Financial Supervisory Authority ("SFSA") (Sw. Finansinspektionen) informed Collector Bank AB on 12 February 2020 that the SFSA has, as part of its supervision, appointed an auditor to perform an audit of Collector Bank AB on the SFSA's behalf. The appointment is a result of Collector's announcement on 21 January 2020 of, among other, an extra provisioning for credit losses and that the bank's own funds temporarily fell below the applicable capital buffer requirement.

The SFSA has informed Collector that the assignment of the appointed auditor has been completed and that the case has been closed.

For further information, please contact:
Martin Nossman, CEO
Phone: +46 70 330 26 75
E-mail: martin.nossman@collectorbank.se

Peter Olsson, CFO
Phone: +46 73 712 04 46
E-mail: peter.olsson@collectorbank.se

Madeleine Mörch, Finance & IR Manager
Phone: +46 73 712 04 52
E-mail: madeleine.morch@collectorbank.se
 

Collector is a challenger bank that offers financing solutions to private and corporate customers. Within the Private segment, the company offers lending to private individuals, invoice and payments by instalments to e-commerce and retail companies, credit cards and deposit accounts. The Corporate segment includes real estate lending, factoring and corporate lending directed mainly at small- and medium-sized enterprises and handling of portfolios of overdue receivables. The company has offices in Gothenburg (head office), Stockholm, Helsinki, Turku and Oslo. Collector AB (publ) is listed on Nasdaq Stockholm.

Collector AB (publ) 556560-0797 | Box 119 14, SE-404 39 Gothenburg | Exchange +46 10-161 00 00 | E-mail info@collectorbank.se | www.collector.se/en/